'The question is: Who misrepresented the facts to the then PM? It was not A Raja but Pulok Chatterjee, in consultation with T K A Nair, as he had suppressed the most relevant and controversial part of the letter of A Raja from the then Prime Minister,' says the special CBI judge in his 2G spectrum case verdict.
Deputy governors Subir Gokarn, Usha Thorat and Shyamala Gopinath will get additional portfolios, which were until now under K C Chakrabarty, RBI said in a statement today. The central bank did not give any reason for the reshuffle and said the changes will be effective tomorrow.
Two years after having allotted third-generation (3G) spectrum without any contest to its own telecom companies, on the promise that they'd match the prices later paid by private sector winners of the auction for it, the communications ministry now wants them to get it for free.
In what would make unit-linked insurance plans (Ulips) more investor friendly, the Insurance Regulatory and Development Authority (Irda) on Tuesday proposed to cap surrender charges and standardise the revival period for polices that had lapsed.
The auction of third generation (3G) spectrum is expected to close in one-two days, with the government likely to rake in Rs 50,000 crore from it.
A day after Indian-American Nitin Nohria was named the 10th Dean of Harvard Business School (HBS), the 48-year-old professor said he was indebted to his alma mater, the Indian Institute of Technology (IIT), Bombay.
The Reserve Bank of India has launched an assault on inflation by increasing the cash reserve ratio (CRR) 75 basis points to 5.75 per cent. While sounding upbeat on economic growth, the central bank has kept the door open for an increase in interest rates even before the annual policy statement in April.
Having their works made freely available through the planet is a prospect that has infuriated Indian writers and their publishers. And, they want the upstart which has offered to do the job for free stopped before the thoughtcrime proceeds.
India is expected to convey its unhappiness over Pakistan's equivocation on Jamaat-ud Dawa chief Hafiz Saeed to US Under Secretary of State William Burns, who arrived in New Delhi on a two-day visit.
Bharti Airtel today announced that its deadline for the $23 billion share-swap deal with MTN, the South African telecom firm, is being extended till September 30. It also, for the first time, stated that the discussions between the two were "progressing satisfactorily".
With the Mukesh Ambani-promoted Reliance Industries Ltd (RIL) planning to approach the Supreme Court, challenging a High Court order for selling gas at $2.34 per million British thermal unit (mBtu) to Reliance Natural Resources Ltd (RNRL), the chances of an agreement between the Ambani brothers by July 15 appear remote.
The government plans to resurrect the ministry of disinvestment in a bid to raise resources by selling its shareholding in public sector companies.
India was ranked 50 among 127 countries which were evaluated by the World Economic Forum (WEF) for their 'network readiness'. Last year, it was ranked 44 out of 122 countries. Thus, the country has slipped four places in a constant sample from 200607.
The administrative reforms commission has called for fewer special economic zones (SEZs), shorter tax holidays and sought a relook into the SEZ Act saying that the establishment of SEZs has become a source of conflict frequently leading to violence.
Ending all speculation surrounding the roll-out of conditional access system (CAS) in the country, the government on Tuesday gave in-principle approval to CAS extension in rest of Delhi, Mumbai and Kolkata, and subsequently in 55 cities in a phased manner as suggested by the Telecom Regulatory Authority of India (Trai).
The Left Front government in West Bengal will close down two public sector enterprises (PSEs), offload shares in nine PSE to hive them off as joint ventures, retain 13 enterprises and decide on three more using a line of credit from UK's Department for International Development (DFID) worth 23 million pounds.
Karnataka, which implemented the e-stamping system in Bangalore on Friday to prevent fraudulent practices in stamp paper-based transactions and registrations, plans to extend it across the state in a phased manner. The system, launched in association with Stock Holding Corporation of India Ltd (SHCIL), has been designed to prevent paper and process-related fraudulent practices in registration.
The Telecom Regulatory Authority of India (Trai) has directed Vodafone Essar Mobile Services to refund value-added service (VAS) charges that were levied without "explicit consent". However, the regulator did not specify the amount the GSM major has to refund to the consumers.
IT services provider Satyam Computer Services Limited is setting up a 15-acre campus at Cyber Jaya, the IT hub of Malaysia, which is expected to be operational by this year end, said Prasenjit Kundu, head (global solutions centre in Malaysia), Satyam.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances